Makinde commences ₦80,000 Minimum Wage, Pays ₦12 Billion to Oyo Workers, Pensioners
The Oyo State Government has disbursed a record-breaking ₦12 billion in salaries and wages for January 2025, fulfilling Governor Seyi Makinde’s promise of an ₦80,000 minimum wage for workers.
This payment marks the largest monthly wage tranche in Southwest Nigeria.
In a statement, the Commissioner for Information and Orientation, Prince Dotun Oyelade, highlighted the impact of the new wage structure. “Workers on Grade Levels 1 to 6 now enjoy a minimum increment of ₦50,000, while those on Grade Level 17 receive over ₦180,000 in salary increases,” he said.
Pensioners also benefit from the Governor’s comprehensive welfare agenda. Over 40,000 retirees are set to receive a minimum pension of ₦25,000 alongside a 33% pension increment. These changes take immediate effect, ensuring improved livelihoods for retirees in the state.
Additionally, the government has abolished the ₦4,000 fee for retirement forms, providing financial relief to workers nearing retirement. “This move will put nearly ₦20 million back into the hands of about 4,500 soon-to-retire workers,” Oyelade stated.
Governor Makinde’s commitment to workers’ welfare reinforces his administration’s dedication to economic empowerment and social equity, setting a standard for governance in the region.
